US SEC Chairman Gary Gensler Calls for Cryptocurrency Platforms to Register as Investment Contracts
In a recent statement, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), emphasized that cryptocurrencies should be classified as investment contracts and hence, platforms offering them must register accordingly. Gensler tweeted that any platform offering investment c ...
FTX’s Customer Problems Could Extend Crypto Winter Until End of 2023, According to Coinbase Analysts
According to the Coinbase team, FTX's recent customer problems are just the beginning of a much larger issue in the world of cryptocurrency. They suggest that "second order effects" will extend the crypto winter until the end of 2023. This is due to the fact that a significant amount of funds fro ...
Coinbase CEO Urges Crypto Users to Vote for Supporters Amid SEC Threats
Coinbase CEO, Brian Armstrong, is encouraging users of the popular cryptocurrency exchange to vote for political candidates who support the crypto industry. This comes as the US Securities and Exchange Commission (SEC) has sent a notice to Coinbase that it may sue them for selling unregistered se ...
US SEC Warns Coinbase of Possible Enforcement Action for Selling Unregistered Securities
The US Securities and Exchange Commission (SEC) has issued a warning to Coinbase, a popular cryptocurrency exchange, indicating that it could face enforcement action for selling unregistered securities. According to Coinbase management, the SEC's notice pertains to an unspecified portion of digit ...
FTX Exchange Managers Find $8.9 Billion Shortfall in Client Funds
The FTX cryptocurrency exchange managers recently discovered that only $2.7 billion out of the expected $11.6 billion were available in their customers' accounts. The temporary administration of FTX.com and FTX US performed an inventory of almost all associated wallets, revealing a significant sh ...
US SEC Chairman Gary Gensler Says All Cryptocurrencies Except Bitcoin Are Securities
US Securities and Exchange Commission (SEC) Chairman Gary Gensler recently discussed the regulation of the cryptocurrency industry in an interview with New York Magazine. According to Gensler, all cryptocurrencies except Bitcoin are considered securities and fall within the SEC's jurisdiction. He ...